Fortune India 500 2025 edition
Rank#244- Total income
- ₹11,121 Cr
- Profit
- ₹2,000 Cr
Last year #257
Cummins India Limited - automotive in Pune, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: CUMMINSIND · BSE: 500480 Public Limited Company automotive Fortune India 500 · #244 Fortune MNC 500 · #22 Nifty 500
Market Cap
₹1,23,631 Cr
CUMMINSIND · NSE
Share Price
₹4,280.90
-4.02% today
Revenue
₹12,143 Cr
FY 2025-26 · +16.9% YoY
EBITDA
₹2,501 Cr
Margin 20.6%
Net Profit
₹2,425 Cr
FY 2025-26 · +21.7% YoY
P/E (TTM)
52.4x
P/B 15.1x
ROE
29.4%
ROCE 37.3%
Authorised capital
₹80 Cr
Registered with MCA
About Cummins India Limited
Data last updated:
Cummins India Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Cummins Inc.. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 17 February 1962 and has been in existence for over 64 years.
Cummins India is ranked #244 on the Fortune India 500 (2025) and #22 on the Fortune MNC 500 India (2026). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L29112PN1962PLC012276. Its GSTIN is 04AAACC7258B1Z4 (Chandigarh). The company holds 43 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500480 and NSE: CUMMINSIND.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹55.44 Cr. It was formerly known as Kirloskar Cummins Limited. It is led by directors including Shveta Arya (Managing Director) and Donald Jackson Gray.
Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Cummins India Office Campus Tower A 5th Floor Survey No. 21 Balewadi, Pune, Maharashtra, India – 411045.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹12,143 Cr, a growth of 16.9% compared to the previous year. For the same year it recorded a net profit of ₹2,424.66 Cr (net margin 20%) and EBITDA of ₹2,500.71 Cr (EBITDA margin 20.6%). The net worth stands at ₹8,475.16 Cr (up 12.1% YoY). Total assets are valued at ₹8,784.92 Cr (up 12.2% YoY).
The company has about 3,291 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand: Cummins. As per MCA filings, the company has open charges of ₹70.9 Cr and satisfied charges of ₹120.43 Cr on record. Court records list 290 cases involving the company, including 120 filed by the company and 170 filed against it; 59 cases are pending. The company has 32 deals on record (20 market trades, 12 secondary share transfers); the latest was in July 2025. Its 3 peer companies in the Automobiles industry (Auto Ancillary, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 1 smaller; the largest is Amara Raja Energy & Mobility Limited with revenue of ₹12,962 Cr. The company has 23 MSME Form 1 returns on record between 2015 and 2024, listing 1,736 overdue payments to 257 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cummins.com.
Company details
CIN L29112PN1962PLC012276
Registration Number 012276
Incorporation Date 17 February 1962
ROC Pune
Listing Status Listed - Listed on NSE (CUMMINSIND); Listed on BSE (500480)
Company Status Active
Date of Last AGM 08 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Cummins Inc.
Compliance Status Active Compliant
CIN history
Cummins India has one previous CIN (Corporate Identification Number): L29112MH1962PLC012276. The current CIN is L29112PN1962PLC012276, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29112PN1962PLC012276 | Current |
| L29112MH1962PLC012276 | Previous |
Recognitions & Rankings of Cummins India
Fortune MNC 500 India 2026 edition
Rank#22- Total income
- ₹34,537 Cr
- Profit
- ₹4,644 Cr
Last year #23
Stock market indices
Nifty 500 BSE 500
Contact details
Cummins India Limited's registered office is in Pune, Maharashtra. Its website is cummins.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCummins India Office Campus Tower A 5th Floor Survey No. 21 Balewadi, Pune, Maharashtra, India – 411045
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Cummins India Limited, buy the company report.
Comprehensive company report
Cummins India Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Cummins India operates one associated brand: Cummins. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of gas-powered construction equipment | cummins.com |
Business activity
The main business activity of Cummins India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Cummins India Limited, buy the company report.
Financials of Cummins India Limited
FY 2025-26 filings availableCummins India Limited reported revenue of ₹12,143 Cr (up 16.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹12,143 Cr
+16.9% YoY
EBITDA
₹2,501 Cr
+20.2% YoY
Profit After Tax
₹2,425 Cr
+21.7% YoY
Net Worth
₹8,475 Cr
+12.1% YoY
Total Assets
₹8,785 Cr
+12.2% YoY
Total Debt
₹36.51 Cr
+23.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12,143 | 10,391 | 9,000 | 7,772 | 6,171 | 4,360 | 5,191 |
| Revenue growth | +16.9% | +15.5% | +15.8% | +26.0% | +41.5% | -16.0% | - |
| EBITDA | 2,501 | 2,080 | 1,768 | 1,233 | 888 | 582 | 569 |
| EBITDA margin | +20.6% | +20.0% | +19.6% | +15.9% | +14.4% | +13.4% | +11.0% |
| Profit before tax | 3,086 | 2,593 | 2,205 | 1,591 | 1,207 | 825 | 807 |
| Net profit | 2,425 | 1,992 | 1,721 | 1,203 | 813 | 633 | 725 |
| Net profit margin | +20.0% | +19.2% | +19.1% | +15.5% | +13.2% | +14.5% | +14.0% |
| EPS (₹) | 85.20 | 72.15 | 62.07 | 44.31 | 33.68 | 22.91 | 25.45 |
| Balance sheet | |||||||
| Total assets | 8,785 | 7,833 | 6,934 | 6,283 | 5,674 | 4,794 | 5,045 |
| Net worth | 8,475 | 7,561 | 6,612 | 5,758 | 5,145 | 4,651 | 4,402 |
| Total debt | 36.51 | 29.66 | 127 | 376 | 418 | 39.71 | 512 |
| Cash & bank | 2,374 | 2,510 | 1,513 | 1,386 | 1,427 | 965 | 465 |
| Net working capital | 4,139 | 3,827 | 2,814 | 2,516 | 2,491 | 1,845 | 1,526 |
| Cash flow | |||||||
| Cash from operations | 1,734 | 1,683 | 1,285 | 820 | 712 | 789 | 601 |
| Cash from investing | 25.81 | (578) | (248) | 86.94 | (574) | 24.61 | (202) |
| Cash from financing | (1,495) | (1,168) | (1,134) | (687) | (82.25) | (873) | (412) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,426 | 3,011 | 3,055 | 3,170 | 2,907 | 2,470 | 3,096 | 2,509 |
| Revenue growth (YoY) | +17.9% | +21.9% | -1.3% | +26.4% | +25.5% | - | - | - |
| Other income | 227 | 263 | 173 | 181 | 212 | 217 | 168 | 157 |
| EBITDA | 616 | 642 | 508 | 695 | 624 | 525 | 598 | 484 |
| EBITDA margin | +18.3% | +21.7% | +16.9% | +22.3% | +21.8% | +21.6% | +19.6% | +19.6% |
| Depreciation | 52.59 | 51.09 | 50.36 | 49.18 | 47.93 | 46.49 | 49.28 | 44.96 |
| Interest | 3.90 | 2.43 | 4.78 | 2.55 | 2.65 | 5.29 | 3.02 | 2.58 |
| Profit before tax | 787 | 852 | 626 | 824 | 785 | 690 | 714 | 594 |
| Tax | 178 | 202 | 139 | 202 | 181 | 161 | 155 | 144 |
| Net profit | 609 | 649 | 486 | 622 | 604 | 530 | 558 | 449 |
| EPS (₹) | 21.98 | 23.43 | 17.53 | 22.45 | 21.79 | 19.10 | 20.15 | 16.21 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12,143 | 10,339 | 8,959 | 7,744 | 6,140 | 4,329 | 5,158 |
| Revenue growth | +17.5% | +15.4% | +15.7% | +26.1% | +41.8% | -16.1% | - |
| EBITDA | 2,501 | 2,068 | 1,760 | 1,228 | 885 | 580 | 566 |
| EBITDA margin | +20.6% | +20.0% | +19.6% | +15.9% | +14.4% | +13.4% | +11.0% |
| Profit before tax | 3,054 | 2,496 | 2,143 | 1,492 | 1,159 | 808 | 759 |
| Net profit | 2,369 | 1,899 | 1,661 | 1,106 | 768 | 634 | 623 |
| Net profit margin | +19.5% | +18.4% | +18.5% | +14.3% | +12.5% | +14.6% | +12.1% |
| EPS (₹) | 84.06 | 68.75 | 59.91 | 40.76 | 31.99 | 22.29 | 22.70 |
| Balance sheet | |||||||
| Total assets | 8,208 | 7,290 | 6,475 | 5,886 | 5,373 | 4,539 | 4,807 |
| Net worth | 7,898 | 7,018 | 6,163 | 5,368 | 4,853 | 4,407 | 4,175 |
| Total debt | 36.51 | 29.66 | 120 | 373 | 412 | 32.70 | 504 |
| Cash & bank | 2,374 | 2,510 | 1,505 | 1,381 | 1,427 | 965 | 464 |
| Net working capital | 4,138 | 3,814 | 2,796 | 2,500 | 2,478 | 1,829 | 1,512 |
| Cash flow | |||||||
| Cash from operations | 1,734 | 1,686 | 1,280 | 811 | 707 | 788 | 599 |
| Cash from investing | 25.81 | (577) | (247) | 87.17 | (574) | 24.69 | (202) |
| Cash from financing | (1,495) | (1,166) | (1,133) | (684) | (77.40) | (872) | (411) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,426 | 3,011 | 3,055 | 3,170 | 2,907 | 2,457 | 3,086 | 2,492 |
| Revenue growth (YoY) | +17.9% | +22.6% | -1.0% | +27.2% | +26.2% | - | - | - |
| Other income | 161 | 264 | 140 | 196 | 197 | 212 | 121 | 161 |
| Total expenses | 2,810 | 2,369 | 2,547 | 2,475 | 2,283 | 1,937 | 2,486 | 2,011 |
| EBITDA | 616 | 642 | 508 | 695 | 624 | 520 | 600 | 481 |
| EBITDA margin | +18.3% | +21.7% | +16.9% | +22.3% | +21.8% | +21.5% | +19.7% | +19.6% |
| Depreciation | 52.59 | 51.09 | 50.36 | 49.18 | 47.93 | 45.74 | 48.07 | 45.21 |
| Interest | 3.90 | 2.43 | 4.78 | 2.55 | 2.65 | 5.15 | 2.65 | 2.56 |
| Profit before tax | 721 | 852 | 593 | 839 | 770 | 681 | 670 | 594 |
| Tax | 178 | 202 | 139 | 202 | 181 | 159 | 156 | 144 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,426 | 3,011 | 3,055 | 3,170 | 2,907 | 2,470 | 3,096 | 2,509 |
| Revenue growth (YoY) | +17.9% | +21.9% | -1.3% | +26.4% | +25.5% | - | - | - |
| Other income | 227 | 263 | 173 | 181 | 212 | 217 | 168 | 157 |
| EBITDA | 616 | 642 | 508 | 695 | 624 | 525 | 598 | 484 |
| EBITDA margin | +18.3% | +21.7% | +16.9% | +22.3% | +21.8% | +21.6% | +19.6% | +19.6% |
| Depreciation | 52.59 | 51.09 | 50.36 | 49.18 | 47.93 | 46.49 | 49.28 | 44.96 |
| Interest | 3.90 | 2.43 | 4.78 | 2.55 | 2.65 | 5.29 | 3.02 | 2.58 |
| Profit before tax | 787 | 852 | 626 | 824 | 785 | 690 | 714 | 594 |
| Tax | 178 | 202 | 139 | 202 | 181 | 161 | 155 | 144 |
| Net profit | 609 | 649 | 486 | 622 | 604 | 530 | 558 | 449 |
| EPS (₹) | 21.98 | 23.43 | 17.53 | 22.45 | 21.79 | 19.10 | 20.15 | 16.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12,143 | 10,391 | 9,000 | 7,772 | 6,171 | 4,360 | 5,191 |
| Revenue growth | +16.9% | +15.5% | +15.8% | +26.0% | +41.5% | -16.0% | - |
| Other income | 796 | 714 | 623 | 516 | 467 | 387 | 380 |
| Total expenses | 9,642 | 8,311 | 7,232 | 6,539 | 5,283 | 3,778 | 4,622 |
| Employee cost | 795 | 797 | 803 | 649 | 615 | 510 | 578 |
| EBITDA | 2,501 | 2,080 | 1,768 | 1,233 | 888 | 582 | 569 |
| EBITDA margin | +20.6% | +20.0% | +19.6% | +15.9% | +14.4% | +13.4% | +11.0% |
| Depreciation | 199 | 185 | 159 | 142 | 136 | 127 | 121 |
| Interest | 12.41 | 15.85 | 27.40 | 16.24 | 12.16 | 16.76 | 21.02 |
| Profit before tax | 3,086 | 2,593 | 2,205 | 1,591 | 1,207 | 825 | 807 |
| Tax | 724 | 593 | 484 | 363 | 273 | 190 | 102 |
| Net profit | 2,425 | 1,992 | 1,721 | 1,203 | 813 | 633 | 725 |
| Net profit margin | +20.0% | +19.2% | +19.1% | +15.5% | +13.2% | +14.5% | +14.0% |
| EPS (₹) | 85.20 | 72.15 | 62.07 | 44.31 | 33.68 | 22.91 | 25.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.44 | 55.44 | 55.44 | 55.44 | 55.44 | 55.44 | 55.44 |
| Reserves & surplus | 8,420 | 7,506 | 6,557 | 5,703 | 5,090 | 4,596 | 4,347 |
| Shareholders' funds (net worth) | 8,475 | 7,561 | 6,612 | 5,758 | 5,145 | 4,651 | 4,402 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 36.51 | 29.66 | 127 | 376 | 418 | 39.71 | 512 |
| Total debt | 36.51 | 29.66 | 127 | 376 | 418 | 39.71 | 512 |
| Total liabilities | 8,785 | 7,833 | 6,934 | 6,283 | 5,674 | 4,794 | 5,045 |
| Assets | |||||||
| Gross block | 3,934 | 3,772 | 3,609 | 3,437 | 3,320 | 3,207 | 3,239 |
| Net block | 2,383 | 2,364 | 2,302 | 2,226 | 2,209 | 2,189 | 2,270 |
| Capital work in progress | 97.71 | 84.87 | 96.81 | 41.29 | 60.78 | 128 | 80.03 |
| Investments | 2,153 | 1,482 | 1,642 | 1,457 | 892 | 599 | 1,038 |
| Inventories | 1,168 | 1,004 | 950 | 904 | 738 | 564 | 577 |
| Sundry debtors | 2,754 | 2,278 | 2,085 | 1,597 | 1,258 | 1,088 | 1,146 |
| Cash & bank balances | 2,374 | 2,510 | 1,513 | 1,386 | 1,427 | 965 | 465 |
| Loans & advances | 265 | 284 | 216 | 164 | 413 | 311 | 413 |
| Total current assets | 6,562 | 6,076 | 4,764 | 4,051 | 3,836 | 2,929 | 2,601 |
| Total current liabilities | 2,423 | 2,249 | 1,950 | 1,534 | 1,345 | 1,084 | 1,075 |
| Net working capital | 4,139 | 3,827 | 2,814 | 2,516 | 2,491 | 1,845 | 1,526 |
| Total assets | 8,785 | 7,833 | 6,934 | 6,283 | 5,674 | 4,794 | 5,045 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 235 | 300 | 397 | 177 | 122 | 181 | 195 |
| Net cash from operating activities | 1,734 | 1,683 | 1,285 | 820 | 712 | 789 | 601 |
| Net cash from investing activities | 25.81 | (578) | (248) | 86.94 | (574) | 24.61 | (202) |
| Net cash from financing activities | (1,495) | (1,168) | (1,134) | (687) | (82.25) | (873) | (412) |
| Net change in cash | 265 | (63.14) | (96.80) | 219 | 55.83 | (59.87) | (13.99) |
| Closing cash | 2,374 | 2,510 | 1,513 | 1,386 | 1,427 | 965 | 465 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.9% | +15.5% | +15.8% | +26.0% | +41.5% | -16.0% | - |
| EBITDA growth | +20.2% | +17.7% | +43.3% | +38.9% | +52.6% | +2.2% | - |
| PBT growth | +19.0% | +17.6% | +38.5% | +31.8% | +46.3% | +2.2% | -24.5% |
| Net income growth | +21.7% | +15.8% | +43.0% | +47.9% | +28.6% | -12.7% | - |
| Revenue CAGR (3Y) | +16.0% | +19.0% | +27.3% | +14.4% | +2.7% | -5.2% | +0.6% |
| EBITDA CAGR (3Y) | +26.6% | +32.8% | +44.8% | +29.4% | +0.7% | -7.4% | -10.9% |
| Profitability & leverage | |||||||
| Net income margin | +19.5% | +19.3% | +19.1% | +15.8% | +15.1% | +14.6% | +13.6% |
| Return on capital employed | +37.3% | +35.3% | +33.8% | +26.9% | +20.3% | +17.1% | +17.0% |
| Return on net worth | +29.5% | +28.2% | +27.8% | +22.5% | +16.6% | +14.0% | +16.3% |
| Debt / equity | 0.00 | 0.01 | 0.04 | 0.07 | 0.05 | 0.06 | 0.09 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.54 | 0.84 | 1.70 | 1.49 | 1.62 | 3.68 | 4.68 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.15 | 2.82 | 2.55 | 2.30 | 1.89 | 1.35 | 1.68 |
| Inventory turnover | 11.18 | 10.64 | 9.71 | 9.47 | 9.48 | 7.64 | 8.58 |
| Debtors turnover | 4.83 | 4.76 | 4.89 | 5.44 | 5.26 | 3.90 | 4.27 |
| EPS (₹) | 85.20 | 72.15 | 62.07 | 44.31 | 33.68 | 22.91 | 25.45 |
| Dividend per share (₹) | 66.00 | 51.50 | 38.00 | 25.00 | 18.50 | 15.00 | 14.00 |
| Book value per share (₹) | 305.74 | 272.78 | 238.54 | 207.73 | 185.60 | 167.80 | 158.80 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,426 | 3,011 | 3,055 | 3,170 | 2,907 | 2,457 | 3,086 | 2,492 |
| Revenue growth (YoY) | +17.9% | +22.6% | -1.0% | +27.2% | +26.2% | - | - | - |
| Other income | 161 | 264 | 140 | 196 | 197 | 212 | 121 | 161 |
| Total expenses | 2,810 | 2,369 | 2,547 | 2,475 | 2,283 | 1,937 | 2,486 | 2,011 |
| EBITDA | 616 | 642 | 508 | 695 | 624 | 520 | 600 | 481 |
| EBITDA margin | +18.3% | +21.7% | +16.9% | +22.3% | +21.8% | +21.5% | +19.7% | +19.6% |
| Depreciation | 52.59 | 51.09 | 50.36 | 49.18 | 47.93 | 45.74 | 48.07 | 45.21 |
| Interest | 3.90 | 2.43 | 4.78 | 2.55 | 2.65 | 5.15 | 2.65 | 2.56 |
| Profit before tax | 721 | 852 | 593 | 839 | 770 | 681 | 670 | 594 |
| Tax | 178 | 202 | 139 | 202 | 181 | 159 | 156 | 144 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12,143 | 10,339 | 8,959 | 7,744 | 6,140 | 4,329 | 5,158 |
| Revenue growth | +17.5% | +15.4% | +15.7% | +26.1% | +41.8% | -16.1% | - |
| Other income | 765 | 626 | 568 | 420 | 420 | 370 | 332 |
| Total expenses | 9,642 | 8,271 | 7,199 | 6,516 | 5,255 | 3,750 | 4,591 |
| Employee cost | 795 | 774 | 781 | 630 | 596 | 493 | 560 |
| EBITDA | 2,501 | 2,068 | 1,760 | 1,228 | 885 | 580 | 566 |
| EBITDA margin | +20.6% | +20.0% | +19.6% | +15.9% | +14.4% | +13.4% | +11.0% |
| Depreciation | 199 | 183 | 158 | 140 | 134 | 126 | 119 |
| Interest | 12.41 | 15.12 | 26.78 | 15.78 | 11.50 | 16.17 | 20.25 |
| Profit before tax | 3,054 | 2,496 | 2,143 | 1,492 | 1,159 | 808 | 759 |
| Tax | 724 | 590 | 482 | 362 | 273 | 190 | 130 |
| Net profit | 2,369 | 1,899 | 1,661 | 1,106 | 768 | 634 | 623 |
| Net profit margin | +19.5% | +18.4% | +18.5% | +14.3% | +12.5% | +14.6% | +12.1% |
| EPS (₹) | 84.06 | 68.75 | 59.91 | 40.76 | 31.99 | 22.29 | 22.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 55.44 | 55.44 | 55.44 | 55.44 | 55.44 | 55.44 | 55.44 |
| Reserves & surplus | 7,842 | 6,963 | 6,108 | 5,313 | 4,797 | 4,351 | 4,120 |
| Shareholders' funds (net worth) | 7,898 | 7,018 | 6,163 | 5,368 | 4,853 | 4,407 | 4,175 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 36.51 | 29.66 | 120 | 373 | 412 | 32.70 | 504 |
| Total debt | 36.51 | 29.66 | 120 | 373 | 412 | 32.70 | 504 |
| Total liabilities | 8,208 | 7,290 | 6,475 | 5,886 | 5,373 | 4,539 | 4,807 |
| Assets | |||||||
| Gross block | 3,934 | 3,772 | 3,597 | 3,427 | 3,310 | 3,198 | 3,228 |
| Net block | 2,383 | 2,364 | 2,295 | 2,222 | 2,204 | 2,185 | 2,264 |
| Capital work in progress | 97.71 | 84.87 | 96.81 | 41.29 | 60.78 | 128 | 80.03 |
| Investments | 1,576 | 957 | 1,215 | 1,085 | 615 | 369 | 824 |
| Inventories | 1,168 | 1,022 | 937 | 886 | 729 | 558 | 573 |
| Sundry debtors | 2,754 | 2,292 | 2,078 | 1,593 | 1,247 | 1,074 | 1,132 |
| Cash & bank balances | 2,374 | 2,510 | 1,505 | 1,381 | 1,427 | 965 | 464 |
| Loans & advances | 265 | 214 | 207 | 161 | 410 | 308 | 410 |
| Total current assets | 6,562 | 6,039 | 4,726 | 4,020 | 3,813 | 2,905 | 2,579 |
| Total current liabilities | 2,423 | 2,225 | 1,930 | 1,520 | 1,335 | 1,076 | 1,067 |
| Net working capital | 4,138 | 3,814 | 2,796 | 2,500 | 2,478 | 1,829 | 1,512 |
| Total assets | 8,208 | 7,290 | 6,475 | 5,886 | 5,373 | 4,539 | 4,807 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 235 | 292 | 391 | 177 | 122 | 181 | 195 |
| Net cash from operating activities | 1,734 | 1,686 | 1,280 | 811 | 707 | 788 | 599 |
| Net cash from investing activities | 25.81 | (577) | (247) | 87.17 | (574) | 24.69 | (202) |
| Net cash from financing activities | (1,495) | (1,166) | (1,133) | (684) | (77.40) | (872) | (411) |
| Net change in cash | 265 | (56.78) | (99.50) | 214 | 55.90 | (59.90) | (13.92) |
| Closing cash | 2,374 | 2,510 | 1,505 | 1,381 | 1,427 | 965 | 464 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +17.5% | +15.4% | +15.7% | +26.1% | +41.8% | -16.1% | - |
| EBITDA growth | +20.9% | +17.5% | +43.3% | +38.8% | +52.7% | +2.3% | - |
| PBT growth | +22.4% | +16.5% | +43.6% | +28.7% | +43.5% | +6.4% | -26.3% |
| Net income growth | +24.8% | +14.3% | +50.2% | +44.0% | +21.1% | +1.7% | - |
| Revenue CAGR (3Y) | +16.2% | +19.0% | +27.4% | +14.5% | +2.8% | -5.2% | +0.5% |
| EBITDA CAGR (3Y) | +26.7% | +32.7% | +44.8% | +29.4% | +0.8% | -7.5% | -10.9% |
| Profitability & leverage | |||||||
| Net income margin | +19.2% | +18.4% | +18.5% | +14.6% | +14.4% | +14.3% | +12.2% |
| Return on capital employed | +39.6% | +36.5% | +35.1% | +26.8% | +20.5% | +17.6% | +16.7% |
| Return on net worth | +31.2% | +28.9% | +28.8% | +22.1% | +16.6% | +14.4% | +15.2% |
| Debt / equity | 0.00 | 0.01 | 0.04 | 0.08 | 0.05 | 0.06 | 0.10 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.54 | 0.80 | 1.67 | 1.45 | 1.53 | 3.56 | 4.52 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.15 | 2.81 | 2.55 | 2.30 | 1.89 | 1.35 | 1.67 |
| Inventory turnover | 11.09 | 10.56 | 9.83 | 9.59 | 9.54 | 7.66 | 8.61 |
| Debtors turnover | 4.81 | 4.73 | 4.88 | 5.45 | 5.29 | 3.92 | 4.29 |
| EPS (₹) | 84.06 | 68.75 | 59.91 | 40.76 | 31.99 | 22.29 | 22.70 |
| Dividend per share (₹) | 66.00 | 51.50 | 38.00 | 25.00 | 18.50 | 15.00 | 14.00 |
| Book value per share (₹) | 284.91 | 253.18 | 222.33 | 193.65 | 175.06 | 158.97 | 150.61 |
To see the full year-wise statements and ratios of Cummins India Limited, buy the company report.
Board of directors of Cummins India Limited
Cummins India has 10 current directors and 41 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Donald Jackson Gray | Director | 30 Oct 2018 | 7 Years 11 Months | Current |
| Rekha | Director | 11 Aug 2022 | 4 Years 2 Months | Current |
| Jennifer Mary Bush | Director | 05 Nov 2022 | 3 Years 11 Months | Current |
| Thierry Bruno Pimi Nouyeuwe | Director | 09 Aug 2025 | 1 Years 2 Months | Current |
| Vibha Paul Rishi Also directs: Piramal Pharma Limited, Icici Bank Limited, Icici Prudential Life Insurance Company Limited and 1 more | Director | 09 Aug 2025 | 1 Years 2 Months | Current |
| Cornelius Osullivan | Director | 08 Nov 2024 | 1 Years 11 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Cummins India Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amara Raja Energy & Mobility Limited | ₹12,962 Cr (FY 2025) | 10.0% | India, Andhra Pradesh | |||
| Cummins India Limitedthis company | ₹12,143 Cr (FY 2026) | ₹2,424.66 Cr | 20% | 16.9% | 3,291 | Pune, Maharashtra, India |
| Tata Power Solar Systems Limited | ₹11,748 Cr (FY 2024) | 70.0% | Mumbai, Maharashtra, India | |||
| Cummins Technologies India Private Limited | ₹9,958.68 Cr (FY 2025) | 8.0% | Pune, Maharashtra, India |
To see the full peer comparison of Cummins India Limited, buy the company report.
Auditor
Cummins India Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 51.00%, foreign institutional investors hold 21.20%, domestic institutional investors hold 19.20% and retail and other public shareholders hold 8.60%.
Sep 2026
QUARTER
51.00% Promoters
19.20% DII (Domestic Institutional)
21.20% FII (Foreign Institutional)
8.60% Retail & Others
Promoter holding - history
Now 51.00% · Sep 2026High 51.00% · Dec 2025Low 51.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.00% | 51.00% | 51.00% | 51.00% |
| Public | 49.00% | 49.00% | 49.00% | 49.00% |
Charges & borrowings
Open charges
₹70.9 Cr
Satisfied charges
₹120.43 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Apr 2012 | 10352228 | State Bank of India | ₹70 Cr | Open | |
| 15 Mar 1990 | 90089535 | The United Western Bank Ltd. | ₹34 Lakh | Open | |
| 30 Sep 1988 | 90087620 | The United Western Bank Ltd. | ₹17.3 Lakh | Open | |
| 19 Apr 1987 | 90089336 | The United Western Bank Ltd. | ₹5.6 Lakh | Open | |
| 18 Apr 1987 | 90089335 | The United Western Bank Ltd. | ₹2.85 Lakh | Open |
To see the full charge records of Cummins India Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Cummins India Limited has 32 deals on record (20 market trades, 12 secondary share transfers); the latest was in July 2025.
Total deals
32
Market trades
20
Secondary share transfers
12
Deals on record (5 of 32)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Market trade | ₹1,179.91 Cr | Buyer: Liesha Corporation Private Limited , an individual Seller: Liesha Corporation Private Limited , an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Franklin Templeton Investment Funds, Life Insurance Corporation of India, Pinebridge Investments Seller: Reliance Capital Trustee Co Ltd A/C Reliance Equity Opportunities Fund, Others Cummins India Limited, General Insurance Corporation of India |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: Others Cummins India Limited, Pinebridge Investments Seller: Franklin Templeton Investment Funds, Reliance Capital Trustee Co Ltd A/C Reliance Equity Opportunities Fund, Life Insurance Corporation of India |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: Aditya Birla Sun Life Trustee Private Limited , UTI Mutual Fund, Pinebridge Investments Seller: Government Pension Fund Global, Blackrock, T Rowe Price New Asia Fund |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: Government Pension Fund Global, Blackrock, Reliance Capital Trustee Co Ltd A/C Reliance Equity Opportunities Fund Seller: Aditya Birla Sun Life Trustee Private Limited , Life Insurance Corporation of India, General Insurance Corporation of India |
To see the full deal history of Cummins India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cummins India Limited has 290 court cases on record: 120 filed by Cummins India, 170 filed against it. 59 cases are pending and 231 are disposed.
Total cases
290
Filed by the company
120
Filed against the company
170
Pending
59
Disposed
231
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 141 | 72 | 24 |
| High courts | 131 | 80 | 35 |
| Supreme Court | 18 | 18 | 0 |
Cases on record (5 of 290)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Yashaswi Academy for Skills and 5 others | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against M/S Precast India Infrastructure Pvt.Ltd. | Pending |
| District court, Nagpur, Maharashtra | Court case (R.C.A.) | Filed by the company against Elgi Equipments Ltd. and 4 others | Pending |
| District court, Barpeta, Assam | Interim or miscellaneous application | Filed against the company by Mintu Das, MD 0F M/S Uber Research and Health Pvt. Ltd | Disposed |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S Precast India Infrastructure Pvt .Ltd. | Disposed |
To see the full case history of Cummins India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Cummins India Limited has 23 MSME Form 1 returns on record between 2015 and 2024, listing 1,736 overdue payments to 257 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 257)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kapoor Brothers | |||
| Unisource Automation Private Limited | |||
| an individual supplier | |||
| Eram Magnaflux Systems Private Limited | |||
| Pratisaad Communications Private Limited |
To see the full MSME payment records of Cummins India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Cummins India has 1 subsidiary company, 1 joint venture, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Joint ventures
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Cummins Sales & Service Private Limited | U29190DL2012PTC230162 |
To see the full group structure of Cummins India Limited, buy the company report.
Employees & EPFO
Cummins India Limited has a workforce of 3,291 employees on its EPFO records as of Mar 25, 2024, across 2 active EPFO establishments.
Employee count
3,291
Active EPFO establishments
2
Employee growth
0.12%
GST
Cummins India has 43 GST registrations: 20 active and 23 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
43
Active
20
Cancelled / inactive
23
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAACC7258B1Z4 | Chandigarh | Active | 01 Jul 2017 |
| 06AAACC7258B2ZZ | Haryana | Active | 01 Jul 2017 |
| 08AAACC7258B1ZW | Rajasthan | Active | 01 Jul 2017 |
| 09AAACC7258B1ZU | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cummins India Limited, buy the company report.
Recent activity
Cummins India Limited has 83 board changes on record since 1962: 47 appointments and 36 cessations. The latest: Thierry Bruno Pimi Nouyeuwe was appointed as Director on 09 Aug 2025.
Filing
Cummins India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
Appointed
Thierry Bruno Pimi Nouyeuwe was appointed as Director.
Appointed
Vibha Paul Rishi was appointed as Director.
AGM
Cummins India Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Appointed
Soma Dilip Ghosh was appointed as CFO.
Ceased
Prasad Shridhar Kulkarni ceased to be CFO.
Ceased
Rama Bijapurkar ceased to be Director.
Ceased
Bonnie Jean Fetch ceased to be Director.
Appointed
Prasad Shridhar Kulkarni was appointed as CFO.
Ceased
Ajay Shriram Patil ceased to be CFO.
Appointed
Cornelius Osullivan was appointed as Director.
Ceased
Ashwath Ram ceased to be Managing Director.
122 earlier events are in the company report.
News
Cummins India: Appoints Mr. Adegbile Adedapo Adewunmi As Additional Director And Managing Director.
CUMMINSIND: Rs. 23.02 Crores NSE Block Trade; for ~ 47,526 Shares, at Rs. 4843.30
CUMMINSIND: RS. 51.25 CRORES NSE BLOCK TRADE; FOR ~ 106,376 SHARES, AT RS. 4817.40
Frequently asked questions
Cummins India is an active public limited company based in Pune, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 17 February 1962 (64+ years old) and is registered under CIN L29112PN1962PLC012276. Listed on BSE: 500480 and NSE: CUMMINSIND.
Cummins India reported revenue of ₹12,143 Cr for FY 2025-26 (up 16.9% YoY) based on consolidated financials.
Cummins India has 10 current directors:
- Shveta Arya - Managing Director
- Donald Jackson Gray - Director
- Rekha - Director
- Jennifer Mary Bush - Director
- Thierry Bruno Pimi Nouyeuwe - Director
- Vibha Paul Rishi - Director
- Cornelius Osullivan - Director
- Farokh Nariman Subedar - Director
- Sekhar Natarajan - Director
- Lira Goswami - Director
The latest financial statements of Cummins India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 08 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cummins India is 04AAACC7258B1Z4, registered in Chandigarh. The company has 43 GST registrations in all, of which 20 are active and 23 are cancelled or inactive. Other active GSTINs include 06AAACC7258B2ZZ (Haryana), 08AAACC7258B1ZW (Rajasthan), 09AAACC7258B1ZU (Uttar Pradesh).
The CIN (Corporate Identification Number) of Cummins India is L29112PN1962PLC012276. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Cummins India is a listed company as per MCA records. Its shares are listed on both BSE (code: 500480) and NSE (symbol: CUMMINSIND).
Cummins India has 290 court cases on record: 120 filed by the company and 170 filed against it. 59 are pending. Most are in the district courts.
Cummins India was incorporated on 17 February 1962, making it 64+ years old. It is registered with the Registrar of Companies, Pune.
Cummins India has 32 deals on record (20 market trades, 12 secondary share transfers); the latest was in July 2025.
The peers of Cummins India by revenue are Amara Raja Energy & Mobility Limited, Tata Power Solar Systems Limited, Cummins Technologies India Private Limited, all in the Automobiles industry (Auto Ancillary, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Thierry Bruno Pimi Nouyeuwe was appointed as Director on 09 Aug 2025. Vibha Paul Rishi was appointed as Director on 09 Aug 2025. Soma Dilip Ghosh was appointed as CFO on 25 Jul 2025. Cummins India has 83 board changes on record in total.